Change - Announcement of Cessation::Cessation of Executive Director and Chief Financial Officer
Issuer & Securities
CHINA KUNDA TECHNOLOGY HOLDINGS LIMITED
CHINA KUNDA TECH HOLDINGS LTD - SG1X41941300 - GU5
Change - Announcement of Cessation
Date &Time of Broadcast
Announcement Sub Title
Cessation of Executive Director and Chief Financial Officer
Submitted By (Co./ Ind. Name)
Ong Wei Jin
Description (Please provide a detailed description of the event in the box below)
Announcement of Cessation of Executive Director and Chief Financial Officer
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Thomas Lam, Associate Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.
Name Of Person
Hau Khee Wee
Is effective date of cessation known?
If yes, please provide the date
Detailed Reason (s) for cessation
Mr Hau has tendered his resignation to pursue new career opportunities.
Based on its enquiries, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, other than as disclosed in the announcement, there are no material reasons for the resignation of Mr Hau as the Executive Director and Chief Financial Officer of the Company.
In addition, there are no concerns with regards to financial reporting that led to his cessation and there are no disagreement between Mr Hau and the Board of Directors of the Company with regards to practices that will have an impact to the Company's financial reporting.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
Any other relevant information to be provided to shareholders of the listed issuer?
If Yes, Please provide full details
The role and responsibilities of Chief Financial Officer will be undertaken by the existing Finance Manager, Mr Lim Kheng Onn who will be promoted to Group Financial Controller.
Date of Appointment to current position
Does the AC have a minimum of 3 members (taking into account this cessation)?
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Director and Chief Financial Officer
Role and responsibilities
Mr Hau is responsible for the Group's financial and accounting matters and its compliance with financial reporting and regulatory requirements.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Shareholding interest in the listed issuer and its subsidiaries?
Holder of 200,000 ordinary shares of the Company
Past (for the last 5 years)